UniCredit (OTCMKTS:UNCFF) Reaches New 1-Year High - Here's What Happened

Key Points

• UniCredit's stock price reached a new 52-week high of $81.08, with significant trading volume of 2153 shares.
• A hedge fund, Generali Investments CEE, purchased a new stake in UniCredit, acquiring 16,163 shares valued at approximately $901,000.
• UniCredit provides commercial banking services across several regions including Italy and Eastern Europe, alongside various financial solutions and advisory services.

UniCredit (OTCMKTS:UNCFF - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The company traded as high as $81.08 and last traded at $81.08, with a volume of 2153 shares traded. The stock had previously closed at $79.44.

UniCredit Price Performance

The company's 50 day moving average is $70.54 and its 200-day moving average is $61.69. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.10 and a quick ratio of 1.10.

Institutional Investors Weigh In On UniCredit

A hedge fund recently raised its stake in UniCredit stock. GAMMA Investing LLC increased its holdings in shares of UniCredit (OTCMKTS:UNCFF - Free Report) by 5,505.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,723 shares of the financial services provider's stock after acquiring an additional 128,391 shares during the period. GAMMA Investing LLC's holdings in UniCredit were worth $7,328,000 at the end of the most recent reporting period.

About UniCredit

UniCredit S.p.A. provides commercial banking services in Italy, Germany, Central Europe, and Eastern Europe. It offers retail, private, and wealth management solutions; and institutional investor solutions. The company also provides corporate finance advisory, rating advisory, financial sponsor, patient capital, capital structure advisory, and finance solutions, as well as securities services.